Singapore Savings Bond (May 2022) has hit more than 2% p.a. 10-year average return again! Is it a viable place to put your savings now? What on earth is Singapore Savings Bond anyway?
SSB is an instrument backed by the Singapore Government and your capital and returns are guaranteed. It is also flexible because you can withdraw any time without penalty and returns will be given to you on a pro-rated basis.
*Note that the 2.09% is guaranteed for holding the bond to maturity. Withdrawing early means the average return will be lower as the interest is stepped up over the years.
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